Financial Management Network Inc. Has $910,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Financial Management Network Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,441 shares of the oil and gas company’s stock after acquiring an additional 97 shares during the quarter. Financial Management Network Inc.’s holdings in Exxon Mobil were worth $910,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Global Retirement Partners LLC increased its stake in Exxon Mobil by 3.8% during the fourth quarter. Global Retirement Partners LLC now owns 84,439 shares of the oil and gas company’s stock valued at $9,083,000 after acquiring an additional 3,115 shares during the period. Bigelow Investment Advisors LLC grew its holdings in shares of Exxon Mobil by 1.0% during the 4th quarter. Bigelow Investment Advisors LLC now owns 13,727 shares of the oil and gas company’s stock worth $1,477,000 after purchasing an additional 130 shares in the last quarter. Timber Creek Capital Management LLC increased its position in shares of Exxon Mobil by 0.8% during the fourth quarter. Timber Creek Capital Management LLC now owns 60,269 shares of the oil and gas company’s stock valued at $6,483,000 after purchasing an additional 484 shares during the period. Plan Group Financial LLC raised its stake in shares of Exxon Mobil by 13.3% in the fourth quarter. Plan Group Financial LLC now owns 12,761 shares of the oil and gas company’s stock valued at $1,373,000 after purchasing an additional 1,501 shares in the last quarter. Finally, Allied Investment Advisors LLC lifted its position in Exxon Mobil by 1.7% in the fourth quarter. Allied Investment Advisors LLC now owns 108,444 shares of the oil and gas company’s stock worth $11,665,000 after purchasing an additional 1,812 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.2 %

Shares of XOM opened at $110.67 on Friday. The business’s fifty day moving average price is $108.60 and its two-hundred day moving average price is $114.49. The firm has a market capitalization of $486.39 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $102.88 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm posted $2.48 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Piper Sandler decreased their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.